It's here: The LatAm Tech Report
A new edition arrived just in time to become your last reading of the year. Like to see it before you download it? Here’s a sneak peak.
✨ Welcome to the newsletter for LatAm founders building good sh*t.
Did someone forward this to you? You must be up to something, huh?
The LatAm Tech Report. Y’know, that big, and we mean BIG, study about all that’s going on with startups in Latin America?
Made by yours truly. And the newest edition just dropped.
If you know what we’re talking about, we won’t keep you waiting any longer.
Now if you don’t…
Here’s a sneak peak of what you’ll find behind its 150+ pages, 50+ interviews, dozens of founders and investors across our community surveyed 👇
💵 Fintech is still the darling of VCs
Yeah, we’re head over heels for Nubank too. It’s the main symbol of the past decade, when investments flocked to financial services startups first.
You might think venture capitalists have chilled out after Nu went public. But that trend is stronger than ever.
In 2024 up to Q3, 57% of VC in the region went to fintech. In the past few years, that share had stayed at around 40%.
But not all stayed the same. This year, VC to banking has actually fizzled out as this segment consolidates. Capital is now flowing to areas such as consumer lending, payments, and fintech software.
🇲🇽 Mexico’s rising, from investments to nearshoring
Mexico presented some very interesting developments this year 👀. It’s getting closer and closer in fundraising to the leader Brazil.
Some credit this to Mexico being the poster child for nearshoring in LatAm. This year, Mexico finally surpassed China as the main holder of shares of US imports. Fuerza! 💪
🤖 LatAm’s AI-first startups can have an impact of close to $400B
We could not avoid talking about artificial intelligence. And if you think AI development has nothing to do with Latin America… think again and again and again.
Latin America has dozens of AI-centric startups, catering to businesses and consumers throughout segments:
And their impact can be massive. With the development of AI agents, these startups’ market size goes beyond software and into service/labor. Adding up the transformation expected in various industries, we expect the impact of LatAm AI on the region’s workforce to be at almost 400 billion dollars. Daaaamn 💰🔥
👉 OF COURSE this is just 1% of what you’ll get from The LatAm Tech Report – we can't really make it justice in a newsletter that keeps it short and sweet, y’know?
📌 So grab your free copy right now, draw your own conclusions, and spread that knowledge with the world before everything this year ends!
Hot News Ahoy!
💡A-ha!
Bloomberg Línea's 100 Most Innovative People in LatAm 2024 is out, and we’re beaming with pride to see Latitud portfolio co-founders Daniel Silva, Felipe Lamounier, and Felipe Meneses (Hyperplane), not to mention the Latitud Fellow Leonardo Vieira (Tractian). Big congrats to these trendsetters shaping LatAm & beyond 🚀
🤖 Are you perplexed?
Perplexity, the AI-powered answer engine, just closed a funding round that valued it at $9B, according to Bloomberg’s sources. That’s triple its previous valuation, set only six months ago. Feeling the artificial intelligence boom yet?
Happy holidays and, as always, Vamos LatAm!
The Latitud Team 🫶